The markets start the week on a quiet note with most of Europe closed on account of Easter Monday.

Still, the U.S. economic data will be in full steam as the ISM’s manufacturing PMI report will kick start a busy week ahead.

The week ahead will also see the release of the U.S. payrolls data for the month of March.

Given that the March payrolls often tend to disappoint, investors will be paying close attention.

Central bank meetings lined up this week to kick off a new trading month includes the RBA which is due to hold its monetary policy meeting on Tuesday.

Among other events during the week, Canada will also be reporting the monthly payroll figures on Friday.

Eurozone flash inflation estimates forecast to rise

The Eurozone inflation estimates for the month of March will be released this week.

With the markets expecting the ECB to normalize monetary policy, the flash inflation estimates will be a key indicator for the euro currency.

Economists polled forecast that consumer prices surged 1.4% on the headline CPI, accelerating from 1.2% which marked a slower pace of increase previously.

Core CPI is also expected to rise 1.1% on the month, up from 1.0% increase that was seen in the previous month.

Consumer prices are expected to rise due to the seasonal effects that include higher air fares during the Easter weekend.

Still a better than expected inflation data could boost the euro in the short term.